Every week, volunteer Joe Pells goes to the AARP Foundation Colorado Consumer Fraud Prevention Call Center in Denver and makes about 90 phone calls to warn seniors about financial scams. He's done this for three years, spoken to nearly 5,000 people and performed more than 500 hours of service.
Investors frequently get invited to lunch seminars that promise to educate them about investing strategies or managing money in retirement--often with an expensive meal provided at no cost. Just because someone buys you breakfast, lunch or dinner doesn't mean you have to buy what they are saying--or selling.
"We were invited to a seminar where there were two main speakers. They talked about different kinds of investments to have an extra income for retirement and it was interesting. After a couple of days, they made an appointment with me to visit me in my home."
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